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Banks flout net-zero targets to cash in on the next LNG boom

Corporate Knights

Liquefied natural gas developers have expansion plans that could release 10 additional metric gigatons of climate pollution by 2030, and major banks and investors are enabling them to the tune of nearly $500 billion. In 2023 alone, 1,453 transactions were made between banks and LNG developers. above preindustrial levels.

Net Zero 252
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Norway Sets Goal to Reduce GHG Emissions by 70% – 75% by 2035

ESG Today

The new decarbonization goal will form Norway’s new Nationally Determined Contribution (NDC) under the Paris Agreement. NDCs are national climate action plans presented by each country under the agreement, and are required to be updated every five years with increasingly higher ambition. of the Paris Agreement.

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Climate storytelling: Why Article 12 of the Paris Agreement could unlock everything

We Mean Business Coalition

This article was first published in Edie. That’s why I believe one of the most neglected clauses in the Paris Agreement might just be our best hope for planetary transformation. Article 12 reads like a whisper of a promise amid the global cacophony of policy frameworks and scientific roadmaps.

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COP29 Ends with Target to Triple Climate Finance to $300 Billion per Year

ESG Today

Following two weeks of intensive negotiations, the COP29 climate conference in Baku, Azerbaijan ended with an agreement to triple climate change-related finance flows to developing nations to $300 billion annually over the next decade, and with significant progress towards the development of international carbon markets.

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HSBC is latest bank to pledge net-zero financed emissions by mid-century

GreenBiz

We are committed to developing products that allow them to invest or participate in efforts to bring about a more sustainable global economy.". Featured in featured block (1 article with image touted on the front page or elsewhere). Featured in featured block (1 article with image touted on the front page or elsewhere).

Net Zero 402
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Breakthrough International Agreement Reached at COP29 to Advance Global Carbon Market

ESG Today

Delegates at the ongoing UN Climate Change Conference (COP29) achieved an important breakthrough on the first day of the event in Baku, Azerbaijan, reaching consensus on standards for the creation of carbon credits under Article 6.4 of the Paris Agreement, key for advancing the establishment and growth of a global carbon market.

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OECD Warns of Climate-alignment “Blind Spot”

Chris Hall

They should also develop disclosure requirements of core complementary metrics for financial institutions and consider the impacts of existing policies on climate goals.